CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please consider our Risk Disclosure Notice and ensure that you fully understand the risks involved. CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please consider our Risk Disclosure Notice and ensure that you fully understand the risks involved.

Levels to watch: FTSE 100, DAX and S&P 500

After a good week for markets, we find the current bullish trends still intact.

Chris Beauchamp ChrisB_IG
Chief Market Analyst, London

Publication date : 2018-05-14T09:19:18+0100

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FTSE 100 eyeing up all-time highs

The FTSE 100 had another excellent week, pushing back to its highest level since the second half of January.

From the current level, the all-time high at 7796.6 is the next target. A pullback towards previous resistance at 7589 may find support.

FTSE 100 chart

FTSE 100 chart

FTSE 100 chart

DAX stumbles at 13,000

The steady upward progress of the DAX has been interrupted, faltering around 13,000, but the overall trend is still intact.

The trendline from the lows of April would suggest possible support around 12,800. Above 13,054 the price will head towards 13,240 and then on to 13,600.

DAX chart

DAX chart

DAX chart

S&P 500 builds on recent breakout

S&P 500 bulls will have been delighted that last week saw the index break the descending trendline from the January high.

The next major target comes in at 2789, while a pullback towards 2700 may see the trendline tested from above and offer another opportunity for longs.

US 500 chart

US 500 chart

US 500 chart

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